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Clifford Chance

  • Industrials
  • Aerospace & Defence
  • Automotive
  • Capital Goods
  • Materials
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Industrials

Aerospace & Defence

With our track record of advising clients on major aerospace & defence deals and being well-connected in the industry, we are best placed to help clients "look around corners".

More about Aerospace & Defence

We have

  • an impressive client base consisting of some of the world's major aerospace and defence OEMs and service providers
  • a strong track record in sector-specific M&A, acting for the major OEMs, private equity clients and sovereign wealth funds
  • a unique track record in transactions involving asset finance providers, because of our tight integration with our market-leading asset finance practice
  • unparalleled experience with regard to PFI/PPP projects, including in the UK and Continental Europe
  • strong relationships with public sector bodies and key individuals at central and local levels
  • experience with sector-specific FCPA matters and international anti-corruption regimes, including the UN Convention Against Corruption and OECD Anti-bribery Convention

Industrials

Automotive

The automotive industry faces tremendous challenges. Competitive and financial pressures, environmental issues, E-mobility and decreasing governmental incentives will not only lead to significant structural changes in the industry but will also raise fresh legal issues and a greater need for legal advice.

More about Automotive

Our automotive industry group acts as a focal point for industry knowledge and relevant legal expertise relating to both OEMs and suppliers.

  • We are involved in many of the most important Mergers & Acquisitions, joint ventures and divestments
  • In conjunction with our Energy teams, we advise on current hot topics such as e-mobility
  • We advise a broad range of clients on the current changes in the sector involving major OEMs and suppliers

Our client portfolio features leading international car and truck manufacturers as well as major engineering companies and suppliers.

Our group combines an outstanding advisory and transactional track record with an in-depth understanding of automotive industry developments.

Client experience

  • Advised Volkswagen Financial Services on the acquisition of the financial services business from MAN Group
  • Advised China's largest automaker, SAIC Motor Corporation, on establishing a joint venture with Thailand's largest conglomerate, Charoen Pokphand Group, to produce MG automobiles in Thailand for domestic and international markets
  • Advised Volkswagen AG in connection with the issuance of €2 billion in hybrid notes
  • Advised Volkswagen AG on the issuance of tow mandatory convertible bonds in the amount of €2.5 billion and €1.2 billion respectively
  • Advised Volkswagen AG on the creation of the Integrated Automotive Group
  • Advised Pon Holdings BV on its acquisition of Greenwheels, one of Europe's leading car sharing operators, as well as on the acquisition of Reifen Gundlach GmbH, one of the largest tyre dealers in Germany
  • Advised BAIC Motor, Beijing Automotive Group's passenger car unit, on the acquisition of a 12% stake by Daimler AG
  • Advised Grammer AG, Germany, on a joint venture agreement with Jiangsu Yuhua Automobile Parts Co. Ltd., China, for the production and sale of seats for trucks and buses in China
  • Advised Volkswagen Financial Services AG on a car insurance joint venture with Allianz SE

Industrials

Capital Goods

Capital goods include factories, machinery, tools and other equipment used to produce products for consumption. We advise our clients on all legal aspects relevant to the capital goods industry and utilize our interdisciplinary and international approach to identify trends, share know-how, and develop solutions for the benefit of our clients.

More about Capital Goods

  • Clifford Chance is a leading firm in the field of cross-border and domestic private and public M&A including private equity, joint ventures and post-merger integration with a focus on the capital goods sector
  • We advise on compliance topics, including domestic and international anti-corruption regimes and anti-trust law
  • We assist in technically and legally complex dispute resolution and litigation matters, helping our clients to enforce their justified claims and to protect them against unjustified ones
  • We have the international breadth and depth to help our clients to universally protect their intellectual property rights
  • We help our clients achieve their financing goals by using alternative debt and equity financing instruments
  • Our firm boasts a pre-eminent practice in international sanctions and export control issues

Client experience

  • Advised Siemens AG on the sale of TLT-Turbo GmbH to Power Construction Corporation of China  
  • Advised Illinois Tool Works Inc. (ITW) on its takeover of the Meurer-Group
  • Advised Kingspan on the acquisition of the construction elements group of ThyssenKrupp Steel Europe
  • Advised Dangote Industries Limited, as borrower, on a US$ 3.30 billion financing
  • Advised Heidelberger Druckmaschinen AG and the banking consortium as transaction counsel regarding the placement of convertible notes with a total volume of €60 million
  • Advised Illinois Tool Works Inc. (ITW) on the acquisition of Drahtzug Stein wire & welding GmbH & Co. KG, the Germany-based supplier of seamless flux and metal cored wires
  • Advised Linde AG on the acquisition of 51% in OCAP, the Netherlands-based company engaged in manufacturing carbon dioxide gas
  • Advised Nabtesco Corporation, a Japanese company listed on the Tokyo Stock Exchange, on its purchase of OCLAP S.R.L., an Italian door system manufacturer
  • Advised Siemens AG on the sale of convertible bonds to institutional investors through a private placement led by Deutsche Bank

Industrials

Materials

Partners in our multi-disciplinary materials sector group are drawn from across the globe and provide legal advice which is enhanced by our focus on the agri-business, forestry, paper & pulp, container & packaging, industrial chemicals and metals industries.

More about Materials

By sharing experience and know-how between industries and regions, we ensure that we are alive to the current and future issues our clients may face.

Examples of our work include advising on:

  • substantial M&A mandates (domestic and cross-border)
  • anti-trust issues arising on M&A matters and on business activities generally
  • project financing of new sites and facilities
  • capital markets transactions
  • environmental and compliance issues
  • emissions trading.

Client experience

  • Svenska Cellulosa Aktiebolaget (SCA) on its HK$8.89 billion takeover of Vinda International Holdings Limited
  • China Minmetals Corporation on the issuance of RMB2.5 billion 3.65% bonds due 2016.  This is the biggest single tranche bond among the five state-owned enterprises (SOEs) which have obtained approvals from the China National Development and Reform commission (approved on a case by case basis) to directly issue RMB bonds offshore
  • Koks Group, the Russian pig iron and coking coal group, on its initial public offering ("IPO") on the London Stock Exchange

The industrial sector is at the core of our business. Our global Industrial Sector Group mobilises the best resources of the firm and applies our significant sector expertise in helping clients anticipate and effectively deal with any operational, project or transactional issues – we pride ourselves on being able to offer a truly global service.

The sector is facing big challenges and some structural changes will be required in response. Our experience advising on business-critical projects gives us insights into the issues clients will encounter and the ways through them, helping clients overcome these challenges.

A leading sector team

We apply our sector know-how to deliver on the most complex issues. Our industrial sector team with over 140 partners globally covers the full breadth of industrial manufacturing.

Our team has in-depth understanding of the key business challenges for industrial companies which provide both the capital goods and raw materials for worldwide production facilities. We also work with industry leaders in the automotive, aerospace and defence sectors, providing services closely  aligned to their strategic and operational business needs.

Client experience

  • Volkswagen Financial Services on the acquisition of the financial services business from MAN Group
  • China's largest automaker SAIC Motor Corporation to establish a joint venture with Thailand's largest conglomerate Charoen Pokphand Group to produce MG automobiles in Thailand for domestic and international markets
  • Siemens AG on the sale of TLT-Turbo GmbH to Power Construction Corporation of China
  • Illinois Tool Works Inc. (ITW) on its takeover of the Meurer-Group
  • Svenska Cellulosa Aktiebolaget (SCA) on its HK$8.89 billion takeover of Vinda International Holdings Limited
  • China Minmetals Corporation on the issuance of RMB2.5 billion 3.65% bonds due 2016.  This is the biggest single tranche bond among the five state-owned enterprises (SOEs) which have obtained approvals from the China National Development and Reform commission (approved on a case by case basis) to directly issue RMB bonds offshore